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Facebook : Darker Side

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01/13/2018 | 02:26pm CEST

The latest statement of Mark Zuckerberg, CEO of Facebook, who wants to change the way the news feed of Facebook works, corroborates the saying that we live in an age where information is abundant but wisdom less. Before, the newsfeed of the social media site was superfluous with posts from businesses, brands, and media. Individualism, a necessary outcome of capitalism, was taken to new heights by the social media site mentioned above. However, Zuckerberg and his team have decided to go back to the original purpose of Facebook, which was a mean of communication and connectivity among people.

Most of the people who have access to the internet are not immune from spending time on social media sites. While the premise on which such sites work is the promotion of communication, these sites also failed to escape the tentacles of misinformation or 'fake news' as it is more commonly known. In the relatively less regulated and nebulous sphere of social media, sites plying misinformation have thrived, causing observable effect on global society.

Social networking sites have enormous potential to alter people's perception of things. And they have done so in the past. Sites like Facebook have also played a crucial role in manipulating people's choices of electing political candidates. Moreover, the content that floods our news feed can have a negative impact on people's mental health as well. Last month, in a blog post, Facebook's director of research David Ginsberg and research scientist Moira Burke acknowledged social media could leave people 'feeling worse.'

Along with the above-stated reason, the decision to revert to the original purpose of the forum stems from the research conducted by the said social media site along with outside academics to gauge the influence of its service on people's choice. The results of the investigation were a plethora of criticism from experts and that the social media site failed to accept responsibility for what is shown to the masses.

The hope is that the new policy will encourage dialogue and lead to the creation of pluralist society.

© Pakistan Press International, source Asianet-Pakistan

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Financials ($)
Sales 2018 56 640 M
EBIT 2018 26 043 M
Net income 2018 22 501 M
Finance 2018 46 909 M
Yield 2018 -
P/E ratio 2018 26,50
P/E ratio 2019 22,08
EV / Sales 2018 9,26x
EV / Sales 2019 7,02x
Capitalization 572 B
Chart FACEBOOK
Duration : Period :
Facebook Technical Analysis Chart | FB | US30303M1027 | 4-Traders
Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 42
Average target price 223 $
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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